Gold and Silver prices should continue to consolidate in the near term. Gold faces resistance at $2000 and support at $1900 and $1880. Silver faces resistance at $26 and support at $24. These could be the ranges moving forward.
A daily break above $2000 for Gold and above $26.00 for Silver would be significant. Gold has very little overhead resistance whereas if Silver breaks $26.00, it would test resistance at $28.00-$29.00. We also mention the three scenarios in which Silver would outperform.